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Volvo stock jumps on expanded US production, new hybrid model to counter tariffs
Yahoo Finance· 2025-09-23 16:04
Core Viewpoint - Volvo Cars is expanding production at its US plant in Ridgeville, South Carolina, to localize production, mitigate tariffs, and cater to the US market's specific demands [1][5][6] Group 1: Production Expansion - Volvo will introduce a fourth vehicle model at its Ridgeville plant, which is expected to be a next-generation hybrid designed for the US market [1][2] - The company plans to start producing its bestselling XC60 midsize SUV at the South Carolina facility by late 2026, currently manufactured in Gothenburg, Sweden [2][3] - The Ridgeville plant has an installed production capacity of 150,000 cars per year and currently produces the fully electric Volvo EX90 SUV and Polestar 3 [3] Group 2: Financial Commitment - Volvo's total investment in its US plant amounts to $1.3 billion, reinforcing its long-term commitment to the US market [4] - The XC60 has seen significant sales growth, with over 27,000 units sold in the US in the first eight months of 2025, marking a nearly 20% increase year over year [3] Group 3: Tariff Impact - The expansion of US manufacturing is largely driven by the imposition of tariffs on global imports, with cars imported from Sweden and the EU facing a potential 15% tariff [5][7] - Current tariffs on vehicles imported from China are at 100%, prompting Volvo to relocate production of its EX30 from China to Ghent [7]
CAT's Off-Highway Trucks to Use LiDAR Tech in Quarry & Aggregate Sites
ZACKS· 2025-03-31 14:36
Core Insights - Caterpillar Inc. has partnered with Luminar Technologies to integrate LiDAR technology into its autonomous solutions, marking a significant advancement in industrial automation [1][4] - Luminar's LiDAR technology is recognized for its high performance and is being adapted for use in heavy industrial equipment, expanding its application beyond the automotive sector [3][5] Group 1: Partnership and Technology Integration - The collaboration will enhance Caterpillar's autonomous trucks by improving obstacle detection and navigation capabilities [1][7] - Luminar's LiDAR technology is the first of its kind to be standard in a global production vehicle, showcasing its reliability and effectiveness [3] - The technology will initially be implemented in Caterpillar's Cat Command for hauling, specifically targeting quarry and aggregate operations [4] Group 2: Industry Leadership and Market Expansion - Caterpillar has over 30 years of experience in autonomy and automation, with its autonomous trucks having covered over 334 million kilometers and moved more than 9.3 billion tons of material [6] - The integration of Luminar's technology is expected to enhance Caterpillar's competitive edge and support customers in achieving safer and more sustainable operations [7][8] - BHP Group is actively collaborating with Caterpillar to trial innovative energy solutions and battery-electric trucks, indicating a shift towards sustainable practices in mining [9][10]
Volvo Cars Leverages Ansys and NVIDIA GPUs to Accelerate CFD Simulations by 2.5x for the EX90 Electric Vehicle
Prnewswire· 2025-03-18 20:05
Core Insights - Ansys has achieved a breakthrough in aerodynamics simulations in collaboration with Volvo Cars and NVIDIA, significantly reducing simulation run time from 24 hours to 6.5 hours, which allows for multiple design iterations per day and accelerates time-to-market for electric vehicles (EVs) [2][4][6] Group 1: Technological Advancements - The collaboration utilizes eight NVIDIA Blackwell GPUs for the solver and CPU cores for meshing, resulting in a 2.5X speed increase in solve time compared to using 2,016 CPU cores on cost-equivalent hardware [4][7] - Ansys Fluent software enables high-fidelity computational fluid dynamics (CFD) models, which are essential for designing energy-efficient battery electric vehicles (BEVs) [7][8] Group 2: Industry Impact - The advancements in simulation technology set a benchmark for the automotive industry and other sectors requiring precise fluid flow simulation, such as aerospace and consumer electronics [2][6] - The accelerated simulation process helps Volvo Cars meet critical emissions, range, and efficiency standards, including the Worldwide Harmonized Light Vehicles Test Procedure (WLTP) requirements [5][6] Group 3: Future Prospects - The combination of high-fidelity modeling and extreme solver speed empowers companies to run more simulations, maximizing results and developing more performant products [6][7] - Ansys and NVIDIA's collaboration is paving the way for the future of computer-aided engineering, enabling customers to tackle complex challenges with unprecedented scalability [6][8]